Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS
 
November 12, 2008

 

China Soymeal Mid-Week:  No boosting effect from USDA report (Nov 11, 2008)

 

An eFeedLink Exclusive 

 

 

Prices rose by RMB30-80/tonne during mid-week to settle in the range of RMB3,300-3,380/tonne.

 

Soymeal transacted prices in China

Region

Protein content (%)

Price as of Nov 11 (RMB/tonne)

North-east China

 

Heilongjiang 

43

3,200

Liaoning 

43

3,360

North China 

 

Hebei 

43

3,380

East China 

 

Shandong 

43

3,350

Jiangsu 

43

3,380

South China 

 

Guangdong 

43

3,300

Prices are representative and are for reference only.
RMB1=US$0.1465 (Nov 12)

 

USDA's soy report on Nov 10 did not have any boosting effect on CBOT soy prices as expected. CBOT soy prices rose nominally as the day ended.

 

Meanwhile, China's soymeal prices moved up marginally in some regions. Soymeal supplies tightened in the south.

 

Soymeal prices are expected to remain stable in the near term.
 
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read